TVARIT, a Frankfurt-based AI start-up focused on improving sustainability in metal manufacturing, has raised €6.5 million in a Series A funding round led by Momenta and Futury Capital, with plans to expand its innovative solutions and drive international growth.

Information on the Target

TVARIT, a Frankfurt-based start-up founded in 2019 by Suhas Patel and Rahul Prajapat, is at the forefront of revolutionizing the metal manufacturing sector through the application of artificial intelligence (AI) and deep technology. The company specializes in developing hybrid AI solutions that enable metal manufacturers to effectively reduce scrap production and energy consumption, leading to substantial decreases in greenhouse gas (GHG) emissions.

By leveraging metallurgical domain expertise coupled with advanced industrial AI, TVARIT has been successful in achieving remarkable outcomes for its clients, including a 50% reduction in scrap and an 18% reduction in energy consumption. These advancements not only enhance process efficiency but also contribute to improved profitability while addressing the industry's environmental impact.

Industry Overview in Germany

The metal manufacturing industry is a critical sector in Germany and represents a significant global player, accounting for around 10% of global CO₂ emissions. Currently, companies within this sector are under pressing pressure to embrace sustainabi